Maryland Compliance Non-Black Liquor Non-Waste Renewable Energy Credit Tier 1 Future83047763
ICE Futures U.S.
Maryland Compliance Non-Black Liquor Non-Waste Renewable Energy Credit Tier 1 Future
Description
Physically delivered Maryland Tier 1 Renewable Energy Credit (“Maryland Tier 1 REC”) from all technologies with the exception of black liquor generation and waste-to-energy or refuse-derived fuel Sources, where a Maryland Tier 1 REC is an electronic certificate issued by PJM GATS for qualifying generation.
Market Specifications
- Trading Screen Product Name
- REC-MD Futures
- Trading Screen Hub Name
- REC-MD NBL
- Contract Symbol
- MDB
- Settlement Method
- Physical delivery
- Contract Size
- 100 MWh representing 100 Tier 1 RECs
- Currency
- USD
- Minimum Price Fluctuation
- The price quotation convention shall be One cent ($0.01) per MWh; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.
- Listing Cycle
- 1. The Exchange may list monthly contracts in the Standard Cycle or any other calendar month it determines for the current year and forward for up to ten years.
2. The Standard Cycle is: January, February, March, April, May, June, July, August, September, October, November and December - Last Trading Day
- Three Business Days prior to the last Business Day of the delivery month.
The last weekday of December is not considered a Business Day, unless otherwise determined and announced by the Exchange. - Deliverable Instruments
- Maryland Tier 1 RECs eligible for delivery are those which are eligible to meet the Tier 1 renewable energy requirement as defined in the Maryland Renewable Energy Portfolio Standard promulgated under 7-701 of the Public Utilities Article of the Annotated Code of Maryland and issued by PJM GATS having a vintage year designation that corresponds to the specified vintage of the expiring contract, with the exception of RECs generated from black liquor, waste-to-energy, refuse derived fuel Sources.
- Registry
- PJM GATS
- MIC Code
- IFED
- Clearing Venues
- ICEU
Related Products
- PJM Tri Qualified Renewable Energy Certificate Class I Future
- Option on California Carbon Allowance Vintage 2025 Future (Futures Style Margining)
- California Carbon Allowance Vintage 2026 Future
- Option on California Carbon Allowance Vintage 2026 Future
- New Jersey Solar Renewable Energy Certificate Future Show More
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 7:50 PM - 6:00 PM* 19:50 - 18:00 | 7:40 PM 19:40 |
| LONDON | 12:50 AM - 11:00 PM 00:50 - 23:00 | 12:40 AM 00:40 |
| SINGAPORE | 8:50 AM - 7:00 AM* 08:50 - 07:00 | 8:40 AM 08:40 |
*Next Day
Sunday Pre-Open 5:40 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- REC-MD C1
- Physical
- MDB
- Logical
- MDB
- GMI (FC)
- ION A.C.N.
- Symbol Code
- MDB